The Middleby Corporation (MIDD) financial statements (2021 and earlier)

Company profile

Business Address 1400 TOASTMASTER DRIVE
ELGIN, IL 60120
State of Incorp. IL
Fiscal Year End December 31
SIC 358 - Refrigeration And Service Industry Machinery (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments95729068564437
Cash and cash equivalents95729068564437
Receivables448399328326283230205
Inventory, net of allowances, customer advances and progress billings586522425368354256220
Inventory586522425368354256220
Prepaid expense2018346116 
Contract with customer, asset23 
Prepaid expense and other current assets32
Deferred tax assets   525150
Other undisclosed current assets3951554340281
Total current assets:1,2091,062932812795614546
Noncurrent Assets
Property, plant and equipment352315282222200130125
Intangible assets, net (including goodwill)3,2933,1042,0451,7891,7331,3011,136
Goodwill1,8501,7431,2651,093983808688
Intangible assets, net (excluding goodwill)1,4431,361780696749492448
Other noncurrent assets1113736432219 
Prepaid expense and other noncurrent assets10
Deferred tax assets, net373245521132
Other undisclosed noncurrent assets(3,293)(3,104)(2,045)(1,789)(1,733)(1,301)(1,136)
Total noncurrent assets:500384363317233151138
Other undisclosed assets3,2933,1042,0451,7891,7331,3011,136
TOTAL ASSETS:5,0024,5503,3402,9172,7612,0661,819
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities590556469483478377372
Accounts payable1741881461471589897
Accrued liabilities417367322336320221213
Employee-related liabilities     5157
Taxes payable     86
Debt33563291
Other undisclosed current liabilities     (59)(62)
Total current liabilities:593559474488510328311
Noncurrent Liabilities
Long-term debt and lease obligation1,8701,8891,024726734589570
Long-term debt, excluding current maturities1,8701,8891,024726734589570
Liabilities, other than long-term debt59243748143735014299
Deferred tax liabilities, net13411488781138961
Liability, pension and other postretirement and postemployment benefits289253335323208 
Other liabilities169705936305338
Total noncurrent liabilities:2,4622,3261,5051,1631,084731669
Total liabilities:3,0552,8851,9791,6521,5941,059981
Stockholders' equity
Stockholders' equity attributable to parent1,9471,6651,3611,2651,1671,007838
Common stock0000000
Treasury stock, value(451)(445)(445)(205)(201)(196)(152)
Additional paid in capital387377375355329310268
Accumulated other comprehensive loss(351)(276)(266)(284)(76)(31)(9)
Retained earnings2,3612,0091,6981,3991,115924730
Total stockholders' equity:1,9471,6651,3611,2651,1671,007838
TOTAL LIABILITIES AND EQUITY:5,0024,5503,3402,9172,7612,0661,819

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,9592,7232,3362,2681,8271,6371,429
Revenue, net2,7232,3362,2681,8271,6371,429
Cost of revenue
(Cost of Goods and Services Sold)
(1,856)(1,719)(1,423)(1,367)(1,120)(996)(879)
Gross profit:1,1031,004913901707641550
Operating expenses(589)(558)(502)(455)(404)(387)(365)
Other undisclosed operating income     4759
Operating income:514446410446303300244
Nonoperating income (expense)2(2)(1)(1)(4)(8)(6)
Foreign currency transaction loss, before tax     (4)(3)
Other nonoperating income (expense)2(2)(1)(1)(4)(4)(3)
Interest and debt expense(83)(59)(26)(24)(17)(16)(16)
Other undisclosed income from continuing operations before equity method investments, income taxes2938   43
Income from continuing operations before income taxes:463424384421281281226
Income tax expense(110)(106)(85)(137)(90)(87)(72)
Net income available to common stockholders, diluted:352317298284192193154

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:352317298284192193154
Other comprehensive income (loss)(74)(43)47(64)(28)  
Comprehensive income:278274345221163193154
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 33(29)(144)(17)(23)4
Comprehensive income, net of tax, attributable to parent:27830731676147171158

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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